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February 6, 2026
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Bitcoin and Asian markets fell as technology stocks and AI spending concerns drove broad market losses.
Asian equities and US futures fell as technology sector weakness and investor concern over large AI investments pressured markets; Bitcoin plunged about 9 percent (briefly over 12 percent), wiping out gains since the prior US election. Precious metals retreated after a safe haven rally, crude oil edged higher, and currencies showed modest moves amid cross asset volatility.
February 6, 2026
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Stock markets fell as IT stocks lagged and investors awaited a central bank policy decision amid foreign fund outflows.
Stock indices opened lower with IT heavyweights leading losses as investors remained cautious ahead of a central bank monetary policy announcement; foreign institutional selling and global technology weakness were cited as primary downward drivers affecting short-term market dynamics and sector volatility.
February 6, 2026
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Rupee rises on central bank monetary policy anticipation; gains limited by FII outflows and rising crude oil prices.
Rupee appreciation to 90.23 against the US dollar was driven by market positioning ahead of the central bank's monetary policy announcement, with guidance from that announcement cited as the main near term driver. Gains were capped by net foreign portfolio outflows, a firmer dollar index and rising global crude oil prices, which together limited stronger upward movement and shaped short term market expectations.
February 6, 2026
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Trans-Arunachal highway compensation scam: Enforcement agency seizes Rs2.2 crore during PMLA money laundering probe linked to fake beneficiaries and inflated assessments
Enforcement Directorate searches under the Prevention of Money Laundering Act seized about Rs 2.2 crore from premises linked to an alleged Trans Arunachal Highway compensation scheme. The probe alleges large scale irregularities in assessment, certification and disbursement of land acquisition compensation, diversion of funds into savings accounts, issuance of cheques to fabricated or ineligible beneficiaries, inflated and fictitious assessments and inclusion of non existent structures, causing an alleged loss of about Rs 44 crore.
February 6, 2026
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Telangana minority reservations, caste survey data and a proposed hate speech law tied to protecting the four per cent quota.
Telangana's Chief Minister challenged the BJP to form government after past statements promising to end the four per cent minority reservation, and stated the state has finalized Muslim population figures via a caste survey to support making that reservation permanent. He announced that a hate speech law and policy document will be prepared for the upcoming budget session to deter and punish hate crimes and inflammatory remarks, and that a former judge has been asked to assist in drafting the legislation.
February 6, 2026
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Retired IIT Bombay staffer cheated of Rs 4.62 crore through impersonation and bank account laundering.
A retired IIT Bombay employee was induced by callers impersonating officials to withdraw deposits and transfer Rs 4.62 crore into bank accounts supplied by cybercriminals; a case was registered for cheating by impersonation and Information Technology Act offences and transferred to a regional cyber cell. Investigation traced the funds to two intermediaries who had opened multiple accounts, withdrew the deposits, and handed proceeds to fraudsters for commission; both were arrested and further inquiries to identify other participants and trace funds continue.
February 6, 2026
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Amazon announces surge in capital spending amid strong Q4 sales but shares fall despite AWS growth.
Amazon reported a 14% fourth quarter sales increase and announced a near 60% rise in capital expenditures to USD 200 billion to expand AI, robotics, semiconductors and satellites, alongside workforce reductions and store closures, while AWS grew 24% with USD 35.6 billion revenue.
February 6, 2026
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Santa Cruz del Norte faces power outages and fuel shortages after disrupted oil shipments and threatened import tariffs.
Persistent power outages and fuel shortages in Santa Cruz del Norte stem from disrupted oil shipments and threatened tariffs that have constrained imports. Residents rely on coal, firewood, improvised stoves and charged lanterns, face rising prices and broken household devices, and endure impacts on transport, hospitals, schools and food production. Government statements label the situation complex but provide no detailed reserve or supply plan; diplomatic contacts and pledged humanitarian aid are noted while many households remain unable to afford alternatives.
February 6, 2026
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US announces $6M humanitarian aid to Cuba amid accusations of an energy blockade and worsening fuel shortages.
The United States announced USD 6 million in humanitarian aid for hurricane affected eastern Cuba, to be delivered by the Catholic Church and Caritas while US embassy personnel monitor distribution to prevent regime diversion. US officials fault Cuban resource misallocation for shortages and signalled potential further assistance if Cuba permits greater US support. Cuban leadership describes US threats to oil suppliers as an "energy blockade," cites fuel shortages and blackouts, and conditions dialogue on respect for Cuban sovereignty.
February 6, 2026
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Amazon Q4 earnings disclosed EPS below estimates, AWS growth strong, and a planned $200B capital expenditure increase.
Amazon reported Q4 net income of USD 21.2 billion and revenue of USD 213.4 billion, with EPS of USD 1.95 below analyst estimates; AWS revenue rose 24% to USD 35.6 billion. The company announced an increase in planned capital expenditures to USD 200 billion from USD 125 billion to fund investments in AI, robotics, semiconductors, and satellites, and after-hours trading reflected an approximately nine percent share decline.
February 6, 2026
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Wall Street plunges as tech stocks and bitcoin fall, job reports lower yields and raise rate-cut prospects.
Equity and crypto markets fell sharply as technology stocks and bitcoin dropped, coinciding with labor-market reports showing rising unemployment claims, increased layoffs and fewer job openings; these signals pushed Treasury yields lower and heightened discussion that weaker labor conditions could raise the likelihood of central-bank interest-rate easing, while commodities also swung sharply and corporate earnings produced mixed sectoral effects.
February 6, 2026
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Homeland Security funding hangs on proposed statutory restraints on immigration enforcement including warrants, ID, and force limits.
DHS appropriations are stalled as Democrats condition funding on reforms to immigration enforcement, including judicial warrants, officer identification and no masks, standardized uniforms and equipment, stricter use-of-force standards, detention safeguards, prohibitions on racial profiling, and verification to prevent wrongful detention of citizens; Republicans counter that such demands must be negotiated within a funding bill and caution that splitting DHS funding or singling out agencies could effectively defund law enforcement, prompting proposals to fund certain DHS components separately to limit shutdown impacts.
February 6, 2026
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DHS funding standoff threatens shutdown as parties clash over ICE reforms and enforcement limits and oversight.
A budget impasse threatens a DHS shutdown as Democrats condition passage of the homeland security spending bill on a suite of immigration enforcement reforms-including judicial warrant requirements, mandatory officer identification, standardized uniforms and equipment, stricter use of force standards, detention safeguards, verification before detention, bans on racial profiling, and limits on tracking protesters-while Republicans call the demands unrealistic, propose alternative conditions, and press for negotiation or partial funding of other DHS components.
February 6, 2026
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Kisan Credit Cards: farmers access loans in five minutes via e KCC; agricultural credit target increased for fiscal 2026 27.
Digital governance measures have accelerated disbursal under the Kisan Credit Card mechanism, enabling loans within five minutes through e KCC instead of delays up to a month. The government has set an elevated agricultural credit target for 2026-27, increasing planned credit flow by 13 percent to Rs 3 lakh crore, and is emphasising integration of technologies including artificial intelligence into agricultural finance platforms.
February 6, 2026
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Drug trafficking suspects arrested; heroin seized and a vehicle reported bought with illicit proceeds, financial probe and asset tracing underway.
Police arrested three family members after intercepting a vehicle in Khanyar and recovering heroin worth lakhs; the vehicle was seized and is reported to have been bought with proceeds of the alleged drug trade. A criminal case under narcotics provisions has been registered, and investigations aim to trace supply and distribution links while conducting a financial probe to identify and attach properties acquired through alleged proceeds of crime.
February 5, 2026
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Drug de-addiction rules to be finalised; bill planned and CCTV mandated at medical and chemist shops.
Finalisation of de-addiction rules and a bill is planned to create a statutory framework; pharmacies and chemist shops are required to install CCTVs to curb unauthorised drug sales. The Health Department, alongside home, social welfare and education departments, is strengthening services under Nasha Mukt Bharat Abhiyan: de-addiction OPD services exist in all 20 districts, nine medical colleges offer psychiatrist oversight, and 11 ATFs in Kashmir and nine in Jammu are functional, with no new government centres under consideration.
February 5, 2026
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Rapido-linked motorbikes seized for operating without trade licence; company ordered to stop bike-taxi bookings and explain noncompliance.
Authorities seized twelve motorbikes linked to a ride-hailing platform for operating bike taxis without a required trade licence, issued a notice directing immediate cessation of bike-taxi bookings through the app, and demanded an explanation under threat of unilateral legal enforcement; police assistance was sought after prior notices to app providers could not be operationally enforced.
February 5, 2026
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Retired medical officer duped of Rs 4.62 crore after impersonation scam led to transfers into mule bank accounts.
A retired medical officer was defrauded of Rs 4.62 crore after impersonators claiming Aadhaar misuse and a Central investigative agency money laundering case threatened arrest; she transferred funds into bank accounts supplied by intermediaries. Police registered cheating by impersonation and Information Technology Act offences and, upon tracing the money trail, arrested two suspects who had opened multiple accounts, accepted deposits, withdrawn funds, and handed them to cybercriminals for a commission; further investigation continues.
February 5, 2026
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Mata Vaishno Devi medical college: call to grant minority status so it can resume operations and preserve private investment.
The Medical Assessment and Rating Board withdrew SMVDIME's letter of permission for non compliance, halting operations and dispersing the initial cohort. The chief minister urged designation of the college as a minority institution to resume operations, preserve significant private investment, reconcile merit based NEET admissions with concerns about student composition, and ensure continued production of doctors for public service.
February 5, 2026
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Interim budget focuses on urban infrastructure: road widening, encroachment regulation, corridors, MSME parks and a global trade centre.
Interim budget prioritises infrastructure-led growth via district town modernisation, road widening and encroachment regulation to unlock corridor development, continued investment in industrial and economic corridors, logistics connectivity and MSME parks, and the proposed global trade centre supported by public private collaboration to develop sustainable, people friendly cities.

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US applications for jobless benefits jump by 22,000 to 231,000 last week, most in 2 months

February 5, 2026

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Washington, Feb 5 (AP) The number of Americans applying for unemployment benefits jumped last week but remains in the same historically low range of the past few years.

Applications for jobless aid for the week ending January 31 rose by 22,000 to 231,000 from the previous week, the Labour Department reported Thursday. That's significantly more than the 211,000 new applications that analysts surveyed by the data firm FactSet had forecast.

Applications for unemployment benefits are seen as representative of US layoffs and are close to a real-time indicator of the health of the job market.

A number of high-profile companies have announced job cuts in the past year, including UPS, Amazon and Dow just last week.

On Wednesday, the Washington Post laid off one-third of its staff, eliminating its sports section, several foreign bureaus and its books coverage in a widespread purge at the storied newspaper owned by billionaire Amazon founder Jeff Bezos. A private company, the Post did not disclose how many people it has on staff, making it impossible to estimate how many people were laid off.

Mounting layoff announcements in the past year, combined with the government's own sluggish labour market reports, has left Americans increasingly pessimistic about the economy.

Last month, the government reported that hiring remained subdued in December, capping a year of weak employment gains that have frustrated job seekers even though layoffs and unemployment remained historically low.

Employers added just 50,000 jobs last month, nearly unchanged from a downwardly revised figure of 56,000 in November, according to the Labour Department. The unemployment rate slipped to 4.4 per cent, its first decline since June.

January's jobs report, which was scheduled for release Friday, has been delayed due to the partial government shutdown earlier this week.

The US economy gained just 584,000 jobs in 2025, an average of around 50,000 per month. That's sharply lower than that more than 2 million added in 2024, which amounts to an average of nearly 170,000 per month.

The 2025 numbers represent the smallest annual job gains since the COVID-19 pandemic decimated the job market in 2020. Outside of recessions, it's the slimmest annual increase since 2003.

The Labour Department also recently reported that businesses posted far fewer jobs in November than the previous month, a sign that employers aren't yet ramping up hiring even as growth has picked up.

Businesses and government agencies posted 7.1 million open jobs at the end of November, down from 7.4 million in October.

The data has revealed a labour market in which hiring has clearly slowed, hobbled by uncertainty raised by President Donald Trump's tariffs and the lingering effects of the high interest rates the Fed engineered in 2022 and 2023 to tamp down a spike of pandemic-induced inflation.

The Federal Reserve, in an attempt to shore up a softening labour market, trimmed its benchmark lending rate by a quarter-point three straight times at the end of last year. However, last week the US central bank left its benchmark lending rate unchanged in the midst of a broadly improving economic outlook and what officials called a stabilizing labour market.

Thursday's report from the Labour Department also showed that the four-week moving average of jobless claims, which balances out some of the week-to-week gyrations, rose by 6,000 to 212,250.

The total number of Americans filing for jobless benefits for the previous week ending January 24 grew by 25,000 to 1.84 million, the government said. (AP) GSP

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